February 25, 2026

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South Korea Dismantles $24 Million Bitcoin Pyramid Scheme

News – CCN
South Korea Dismantles $24 Million bitcoin Pyramid Scheme

A South Korean court has fined two individuals found guilty of operating a bitcoin pyramid scheme that amassed over 26 billion won, approx. $24 million, from investors. In a ruling on April 19, Judge Hwang Jin-jin of the Incheon District Court in Korea issued sentences in fines of $15 million and $8 million for two … Continued

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Localbitcoins to introduce new user verification rules

Localbitcoins to Introduce New User Verification Rules

Localbitcoins to Introduce New User Verification Rules Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland […]